Sevco in denial
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Sevco has ten days to cobble together some sort of interim accounts to satisfy the SFA that they meet UEFA requirements to play in the Europa League.
March 31 is the deadline which is also a red letter day for Dave King and his requirement to comply with the Court of Session and Takeover Panel.
For good measure the tribute act will face a determined Motherwell side that day.
The accounts however are crucial, without the fantasy of reaching the group phase of the Europa League an even darker cloud will fall over Ibrox.
How bad are the Rangers Interim accounts ?
Unaudited ( effectively modified management accounts ) , yet unavailable 12 weeks after the half year end
It’s a small / medium sized non complex business
— Barcabhoy (@Barcabhoy1) March 20, 2018
In their audited accounts, published in November showing a loss of £6.7m on turnover of £29.2m till June 2017, Campbell Dallas told shareholders that Mr King was good for the £4m shortfall anticipated this year.
It’s not for nothing that a South African judge termed the policeman’s son from Castlemilk as a glib and shameless liar.
Meeting the UEFA guidelines on accumulated debt over a three year period will require a miracle, with Resolution 12 hanging over the SFA there may not be the same leniency shown to the tribute act as Rod Petrie, Stewart Regan, Andrew Dickson and others showed to the old club which is currently lying in the morgue.